OceanGate Received $447,000 In PPP Loans During Pandemic
OceanGate Inc, the submersible focused company that owned the Titan submersible that sadly imploded while on a dive touring the Titanic wreck, previously took out a PPP loan for $447,000.
The Daily Mail reported OceanGate Inc was given a PPP loan back in April of 2020 in order to cover payroll costs for its 22 employees.
OceanGate’s loan was eventually forgiven due to the fact they did not layoff any employees during the pandemic.
The Daily Mail obtained information regarding OceanGate’s PPP loan forgiveness through the site ProPublica.
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Per The Daily Mail:
OceanGate, the company that owned and operated the submersible that imploded on a dive to the Titanic wreck,
